Scholarships & Aid Programs

Scholarship Programs

Lyon College offers a number of scholarships worth many thousands of dollars for students who do not qualify for, or have not attended, our Honors Day Scholarship Competitions. To apply for these scholarships, students should simply apply to Lyon College online and send transcripts and copies of standardized test scores (ACT/SAT) to Lyon's Office of Enrollment Services. Students wishing to maximize their awards should fill out a Free Application for Federal Student Aid (FAFSA) even if they do not think they will qualify for any additional aid. Arkansas students should fill out the YOUniversal Scholarship Application by June 1 to be considered for the Arkansas Challange (Lottery) Scholarship.

Brown Scholarship

This is the highest honor for an incoming student. The scholarship provides an annual stipend up to the amount of tuition, mandatory fees, room and board. The Brown Scholarship is competitively awarded based on student performance at an Honors Day Scholarship Competition held on Lyon’s campus during the fall or winter. For information on Honors Day, email admissions@lyon.edu. You must apply and be admitted to Lyon in order to participate in Honors Day.

Anderson Scholarship

These scholarships are awarded  each year to members of the entering freshman class who have excelled academically in high school and on standardized tests. The scholarship provides an annual stipend up to the amount of tuition.  The Anderson Scholarship is competitively awarded based on student performance at an Honors Day Scholarship Competition held on Lyon’s campus during the fall or winter. For information on Honors Day, email admissions@lyon.edu. You must apply and be admitted to Lyon in order to participate in Honors Day.

West Scholarship

This scholarship is awarded each year to an entering freshman from Arkansas who has excelled in high school and on standardized tests. The scholarship provides an annual stipend up to the amount of tuition.  The West Scholarship is competitively awarded based on student performance at an Honors Day Scholarship Competition held on Lyon’s campus during the fall or winter. For information on Honors Day, email admissions@lyon.edu. You must apply and be admitted to Lyon in order to participate in Honors Day.


Honors Day Scholarships

Lyon hosts Honors Day Scholarship Competitions every fall and winter, providing competitive students (23 ACT or a 3.25 high school GPA and accepted to the College) the opportunity to earn scholarship money based on performance. During each competition students will provide writing samples and interviews, while their high school GPAs and standardized test results are scored. At the conclusion of each Honors Day, every student competing will receive scholarship money ranging from at least $26,000 over four years, up to greater than $105,000 over four years. For information on Honors Day, email admissions@lyon.edu. You must apply and be admitted to Lyon in order to participate in Honors Day.

Fine Arts Scholarships

Lyon offers a limited amount of scholarships annually to members of the entering freshman class who demonstrate outstanding ability in music, theatre, or visual art. Candidates must schedule a campus audition or portfolio review through the Admissions Office.

Audition expectations:

Music: Vocalists: 2 contrasting pieces with sheet music for piano accompaniment; an accompanist is provided.  Instrumentalists: 2 contrasting pieces, with scales up to 3 sharps and three flats, two octaves.

Theatre: 2 contrasting 1-minute monologues (reflecting your age and gender appropriate).

Visual Art: Portfolios should consist of no more than 15 works of art, reflecting the student's ability to use a variety of mediums.  We prefer actual works over digital files, though exceptions can sometimes be made.


Scottish Heritage Scholarships

Lyon offers a limited number of scholarships annually to members of the entering freshman class who demonstrate outstanding ability in Piping, Drumming, or Highland Dance.  Scottish fiddle, accordion, or other instruments inherent to a ceilidh band will also be considered.  Candidates must schedule a campus audition or review through the Admissions Office.


Transfer Scholarships

Lyon welcomes qualified transfer students who have demonstrated their academic ability and commitment to the pursuit of a higher education at other institutions. Transfers with a GPA of 2.75 or higher are eligible to receive a Scholarship.

Qualified transfer students bringing an associate's degree from an Arkansas community college qualify for Lyon's Freedom Plan Scholarship worth half tuition per year. The Freedom Plan is designed to allow many associate's-holding transfer students to attend Lyon at no out-of-pocket cost through a combination of federal and state aid, Lyon aid, and a very modest student loan. Introduced in 2009, the freedom plan has more than doubled the number of transfer students who receive their education at Lyon. For more information on this program, contact Donald Taylor at 800-423-2542.


Athletic Scholarships

Lyon is an NAIA Division School and competes in the American Midwest Conference. A limited number of Athletic Scholarships are available for student-athletes who are members of Lyon’s intercollegiate athletic teams.

Federal Financial Aid Programs

You may find a more complete description of Federal aid programs at http://studentaid.ed.gov.

Application for all Federal programs may be made at http://fafsa.ed.gov

Federal Pell Grant

This program is the federal government’s largest gift aid program. Eligible students may receive a minimum of $602 to a maximum of $5,730 depending on need and federal funding.


Federal Supplemental Educational Grant Program (FSEOG)

This federal FSEOG is given to Pell Eligible students with exceptionally high financial need. Amount may range from a minimum of $400 to a maximum of $1,000. Priority is given to students whose financial aid application (FAFSA) has been received by March 1st.


Federal Direct Loan

This federal program is the largest federal program available to students. All students who file a FAFSA will be considered for a Direct Loan and may receive from $5,500 to $7,500 per year depending on number of credits a student has completed toward their degree. Repayment of these funds begins 6 months after the student ceases to be enrolled at least 6 hours.

Arkansas Financial Aid Programs

The state of Arkansas offers a number of financial aid programs to Arkansas residents who attend college in state. The availability of and the requirements governing students’ eligibility for these programs are subject to change. Applicants from the state of Arkansas should contact the Arkansas Department of Higher Education at (800) 54-STUDY or go to http://www.adhe.edu/Pages/home.aspx for information on all state financial aid programs.

Arkansas Academic Challenge Scholarship

This state program provides an annual amount of $2,000 first year, $3,000 second year, $4,000 third year, and $5,000 fourth year depending on the student’s performance and course work completed in high school. Applications are available online at the Arkansas Department of Higher Ed. Website and must be submitted by June 1st.

Governor’s Scholarship

This state program is a competitive merit based program which offers 75 scholarships each year to academically superior high school graduates. This scholarship provides an annual amount of $4,000. Students must have at least a 27 Act and a 3.50 grade point average. Applications will be available on the Arkansas Department of Higher Education website after January 1st and must be completed by February 1st.

Governor's Distinguished Scholarship

This state program offers scholarship awards of $10,000 to students who score a 32 or above on the ACT and have a high school grade point average of 3.50 or above. Applications will be available on the Arkansas Department of Higher Education website after January 1st and must be completed by February 1st.

Students may find eligibility for other types of Arkansas State aid by checking the Arkansas Department of Higher Education website.

You must apply and be accepted for admission to Lyon before a financial aid award can be made. It is recommended that you apply for federal financial aid by mid-February.